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A brave (but scary) new world: why private equity is not exempt from US and UK anti-corruption laws

Private equity funds operating in the international arena should have by now recognized the severity of the combined impact of the US Foreign Corrupt Practices Act of 1977 and the UK 2010 Bribery Act, due to come into force April 2011. As US and European authorities have intensified enforcement efforts, record fines and criminal convictions are becoming commonplace.